Business
Gold Prices Hit $4,800 Amid U.S.–NATO Greenland Tensions
Gold prices climbed above $4,800 per ounce as U.S.–NATO tensions over Greenland and a weaker dollar fuel investor demand for safe-haven assets
London Gold prices surged to a fresh record on Wednesday climbing above $4,800 per ounce as investors sought refuge amid a broad selloff in U.S. assets triggered by escalating tensions between the United States and NATO over Greenland.
Also read: Gold Prices Hit Record High Amid US Shutdown Fears
Spot gold rose 2.1% to $4,862.19 per ounce by 0837 GMT, having earlier touched an all-time high of $4,887.82. U.S. gold futures for February delivery advanced 2.2% to $4,869.40.
Analysts noted that this marks the 11th record high for gold so far in 2026.
Market watchers linked the surge to geopolitical concerns and declining confidence in U.S. policy following recent moves by former President Donald Trump, who threatened tariffs on European countries and insisted on controlling Greenland.
French President Emmanuel Macron responded at the World Economic Forum in Davos, warning that Europe would not be intimidated.
“It’s the loss of trust in the U.S. caused by Trump’s moves over the weekend,” said Kyle Rodda, senior market analyst at Capital.com.
“The move in gold reflects fears about global geopolitical tensions.”
The rally was further supported by a weakening U.S. dollar and rising global debt levels.
The dollar index slipped to a near one-month low, making dollar-priced bullion cheaper for overseas buyers.
Other precious metals also experienced gains and volatility.
Spot silver climbed 0.4% to $94.96 per ounce, after hitting a record $95.87 on Tuesday.
Platinum fell 0.5% to $2,451.15 per ounce, while palladium declined 0.5% to $1,856.98 following a recent one-week high.
Also read: Adekunle Gold Honoured with Street Named After Him in Lagos
Investors appear increasingly focused on safe-haven assets, with bullion continuing to respond sharply to geopolitical developments and macroeconomic pressures.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
-
Politics2 years ago
13 Ondo Assembly Members Disown Endorsement of Aiyedatiwa
-
Politics2 years ago
APC Group, Ondo Govt, Quarrel Over Money for Endorsement
-
Trending News5 years agoStop unsavoury, inciting statements – DSS warns
-
Others4 years agoAdron Homes Celebrates 10 Years Of Housing Excellence
-
Humanity4 years agoPresident Buhari Commiserates With Ambassador Maureen Tamuno Over The Loss Of Her Father
-
Others7 years agoEX- CUSTOMS BOSS, IBRAHIM MERA’S DWINDLING FAME
-
Business2 years agoBigi Carbonated Soft Drinks Treats 40 Consumers to an Epic Easter Movie Hangout
-
Business2 years agoWema Bank Shines at Global SME Finance Forum Conference Awards 2024 …Awarded: • SME Financier of the Year (Africa) • Platinum Award for Best Financier for Women Entrepreneurs (Africa)